Nikola Corp Stock Analysis

NKLA Stock  USD 9.99  0.01  0.10%   
Nikola Corp is overvalued with Real Value of 6.01 and Target Price of 2.42. The main objective of Nikola Corp stock analysis is to determine its intrinsic value, which is an estimate of what Nikola Corp is worth, separate from its market price. There are two main types of Nikola Corp's stock analysis: fundamental analysis and technical analysis.
The Nikola Corp stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Nikola Corp's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.

Nikola Stock Analysis Notes

About 32.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.3. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nikola Corp recorded a loss per share of 31.8. The entity had not issued any dividends in recent years. The firm had 1:30 split on the 25th of June 2024. Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corp operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 900 people. To find out more about Nikola Corp contact Michael Lohscheller at 480 581 8888 or learn more at https://www.nikolamotor.com.

Nikola Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Nikola Corp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Nikola Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Nikola Corp generated a negative expected return over the last 90 days
Nikola Corp has high historical volatility and very poor performance
Nikola Corp has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 35.84 M. Net Loss for the year was (864.62 M) with loss before overhead, payroll, taxes, and interest of (104.76 M).
Nikola Corp currently holds about 319.94 M in cash with (501.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67.
Latest headline from benzinga.com: Whats Going On With Nikola Stock Thursday

Nikola Corp Upcoming and Recent Events

Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Nikola Corp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
22nd of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
22nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
View

Nikola Largest EPS Surprises

Earnings surprises can significantly impact Nikola Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-05-07
2024-03-31-0.1-0.090.0110 
2020-06-08
2020-03-31-0.08-0.09-0.0112 
2024-02-22
2023-12-31-0.13-0.110.0215 
View All Earnings Estimates

Nikola Corp Environmental, Social, and Governance (ESG) Scores

Nikola Corp's ESG score is a quantitative measure that evaluates Nikola Corp's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Nikola Corp's operations that may have significant financial implications and affect Nikola Corp's stock price as well as guide investors towards more socially responsible investments.

Nikola Corp Thematic Classifications

In addition to having Nikola Corp stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Cars Idea
Cars
Car makers, trucks manufacturing, auto dealerships, and auto parts

Nikola Stock Institutional Investors

Shares
Northern Trust Corp2024-03-31
7.1 M
Coatue Management Llc2024-03-31
5.2 M
Mirae Asset Global Investments (korea) Co Ltd2024-03-31
4.6 M
Morgan Stanley - Brokerage Accounts2024-03-31
4.4 M
Sg Americas Securities, Llc2024-03-31
3.8 M
Bank Of America Corp2024-03-31
3.6 M
Alps Advisors Inc2024-03-31
3.3 M
Bank Of New York Mellon Corp2024-03-31
2.6 M
Swiss National Bank2024-03-31
2.2 M
Norges Bank2023-12-31
107 M
Vanguard Group Inc2024-03-31
80.3 M
Note, although Nikola Corp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Nikola Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 451.28 M.

Nikola Profitablity

Last ReportedProjected for Next Year
Return On Tangible Assets(0.79)(0.83)
Return On Capital Employed(0.61)(0.64)
Return On Assets(0.74)(0.78)
Return On Equity(1.34)(1.41)

Management Efficiency

Nikola Corp has return on total asset (ROA) of (0.3458) % which means that it has lost $0.3458 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.5318) %, meaning that it created substantial loss on money invested by shareholders. Nikola Corp's management efficiency ratios could be used to measure how well Nikola Corp manages its routine affairs as well as how well it operates its assets and liabilities. As of July 13, 2024, Return On Tangible Assets is expected to decline to -0.83. In addition to that, Return On Capital Employed is expected to decline to -0.64. At present, Nikola Corp's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 192.6 M, whereas Total Assets are forecasted to decline to about 926.4 M.
Last ReportedProjected for Next Year
Book Value Per Share 0.90  1.57 
Tangible Book Value Per Share 0.79  1.39 
Enterprise Value Over EBITDA(34.31)(36.02)
Price Book Value Ratio 29.19  27.73 
Enterprise Value Multiple(34.31)(36.02)
Price Fair Value 29.19  27.73 
Enterprise Value20.8 B19.8 B
The analysis of Nikola Corp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Nikola Corp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Nikola Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Operating Margin
(19.39)
Beta
2.086
Return On Assets
(0.35)
Return On Equity
(1.53)

Technical Drivers

As of the 13th of July 2024, Nikola Corp secures the Mean Deviation of 4.36, standard deviation of 7.03, and Risk Adjusted Performance of (0.11). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nikola Corp, as well as the relationship between them.

Nikola Corp Price Movement Analysis

Execute Study
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Nikola Corp middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Nikola Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Nikola Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Nikola Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Nikola Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Nikola Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Nikola Corp Outstanding Bonds

Nikola Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Nikola Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Nikola bonds can be classified according to their maturity, which is the date when Nikola Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Nikola Corp Predictive Daily Indicators

Nikola Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Nikola Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Nikola Corp Corporate Filings

8K
10th of July 2024
Report filed with the SEC to announce major events that shareholders should know about
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8K
2nd of July 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
8K
20th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
8K
6th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
5th of June 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
4th of June 2024
Other Reports
ViewVerify
31st of May 2024
Other Reports
ViewVerify
29th of May 2024
Other Reports
ViewVerify

Nikola Corp Forecast Models

Nikola Corp's time-series forecasting models are one of many Nikola Corp's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nikola Corp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Nikola Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Nikola Corp prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Nikola shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Nikola Corp. By using and applying Nikola Stock analysis, traders can create a robust methodology for identifying Nikola entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(23.67)(24.85)
Operating Profit Margin(17.93)(18.82)
Net Loss(26.96)(28.31)
Gross Profit Margin(6.97)(6.63)

Current Nikola Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Nikola analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Nikola analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
2.42Buy8Odds
Nikola Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nikola analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nikola stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nikola Corp, talking to its executives and customers, or listening to Nikola conference calls.
Nikola Analyst Advice Details

Nikola Stock Analysis Indicators

Nikola Corp stock analysis indicators help investors evaluate how Nikola Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Nikola Corp shares will generate the highest return on investment. By understating and applying Nikola Corp stock analysis, traders can identify Nikola Corp position entry and exit signals to maximize returns.
Begin Period Cash Flow236.4 M
Long Term Debt141.4 M
Common Stock Shares Outstanding800 M
Total Stockholder Equity719.2 M
Tax Provision4000.00
Property Plant And Equipment Net503.4 M
Cash And Short Term Investments465.9 M
Cash465.9 M
Accounts Payable44.1 M
Net Debt-181.1 M
50 Day M A13.9626
Total Current Liabilities260.1 M
Other Operating Expenses678.3 M
Non Current Assets Total734.7 M
Non Currrent Assets Other23.3 M
Stock Based Compensation75.4 M

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When running Nikola Corp's price analysis, check to measure Nikola Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nikola Corp is operating at the current time. Most of Nikola Corp's value examination focuses on studying past and present price action to predict the probability of Nikola Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nikola Corp's price. Additionally, you may evaluate how the addition of Nikola Corp to your portfolios can decrease your overall portfolio volatility.
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